State lenders Ziraat, Halkbank dismiss claims of making lossISTANBULState-owned banks Ziraat and Halkbank have each issued statements denying allegations that they incurred losses during the recent period. It reported a net income of 17.4 billion liras for the period. Halkbank also issued a statement in response to claims circulating on some social media platforms and media outlets. Ekrem İmamoğlu, the mayor of Istanbul, claimed that Ziraat and Halkbank posted a net loss of 42 billion in six months. He also claimed that the two banks have spent 6 billion liras on advertising in the last three years.

Source: Ethiopian News August 04, 2024 08:09 UTC